Financial information for two companies are presented below.
Fill in the missing amounts.
| | Sandhill Company | | Carla Vista Company |
| Sales revenue | | $ 90,800 | | $ |
| Sales returns and allowances | | | | $ 5,000 |
| Net sales | | 83,000 | | 127,000 |
| Cost of goods sold | | 55,200 | | |
| Gross profit | | $ | | 41,000 |
| Operating expenses | | 14,580 | | |
| Net income | | $ | | 18,000 |
eTextbook and Media
List of Accounts
Calculate the profit margin and the gross profit rate for eachcompany. (Round answers to 1 decimal place, e.g.15.5%.)
| | Sandhill Company | | Carla Vista Company |
| Profit margin | | | % | | | % |
| Gross profit rate | | | % | | | % |
